Review and Compilation Report

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Summary:

An up-to-date review and compilation report. A compilation is limited to presenting, in the form of financial statements, information that is the representation of management. A review goes a step further than a compilation. In addition to inquiries of company personnel, a review includes performing analytical procedures applied to financial data. Both engagements are substantially less in scope than an audit performed in accordance with generally accepted audit standards. However, it is still custom to prepare professional, formal reports for any review and compilation and this review and compilation report does a great job of doing just that. Add To Cart

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INDEPENDENT ACCOUNTANTS’ REVIEW REPORT

Board of Directors and Stockholders

We have reviewed the accompanying combined balance sheet of the COMPANY NAME HERE (the Company) as of (insert dates here), and the related statements of income and retained earnings and of cash flows for the year ended (insert dates here), in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of the Company.

A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.

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